The global polycarbonate market is expected to reach USD 25.37 billion
by 2024.

Regulatory policies are encouraging automotive OEMs to use plastics, as
a means of reducing vehicular weight & improving fuel efficiency, to
play a prominent role in driving growth. Polycarbonate is a completely
recyclable polymer and is therefore favored as a substitute to PVC
particularly in medical devices. In comparison, PC resins offer greater
tensile strength & flexural modulus meaning they can be easily processed
and even blended with other resins such as styrenic copolymers and PBT.

In the recent past, regulations aimed at reducing plastics wastage has
encouraged the role of recycling. PC resins being completely recyclable
are expected to benefit from such regulations, and in turn, ease up
global supply constraints.

Electrical & electronics and transportation remained dominant
application markets, and the segments together accounted for nearly half
of the overall consumption in 2015. In the electronics sector,
polycarbonate is widely used for producing power housings, connectors,
household appliances and battery boxes. Furthermore, the resin's optical
clarity has led to its usage in headlamps, face shields, laminates, and
windshields.

Asia Pacific offer tremendous opportunities for manufacturers as resin
requirements from automotive and construction industries expected to
rise significantly as a result of rising investments in passenger car
production and public infrastructure